The opportunity to buy a manufacturing business in Maui, Hawaii is rare; especially one where you also have the opportunity to buy real property, the manufacturing plant. With only 1 competitor, the company is able to make price increases as needed to continue its profitable revenue stream. Although the current owner, who works only part-time, has not focused on marketing, the new owner could certainly do so. Good expansion opportunities will be facilitated by the availability of low cost incremental manufacturing capacity expansions.
There are two manufacturing facilities: 1) the original facility leased from a third party and, 2) the manufacturing facility which is privately owned by the owners of the business and leased to the business. This real property was appraised by a bank at $410,000 in April, 2008.
Available for your purchase are either: 1) The Business and the Real Property together for $590,000; or, 2) The Business only for $225,000 and obtain a long term lease from the Seller.
Over the four year period of 2005 to 2008 the Company had average annual sales of $479,800 and owner's profits of $177,100 (including the value of the building rent).
Seller is offering 20% financing on the purchase of the Business and the Building together at six percent (6%) per annum over 60 months, with monthly payments of approximately $2,281.27. In the alternative, Seller is offering 20% financing on the purchase of only the Business six percent (6%) per annum over 60 months, with monthly payments of approximately $869.98.
The great attractions of this business are: 1) there are very few manufacturing businesses on Maui, 2) the competition is limited (only one competitor); 3) most businesses on Maui are leasehold and do not own their own facility, 3) real estate provides better and cheaper financing, 4) the owners work part time, and 5) opportunity for long term real estate capital appreciation in Maui's paradise.
For a Confidential Business Profile, which includes complete financials, photos, etc. please contact Tom Caltrider at 808-573-4752.
